Question
E3.7 (LO 2), AP Leon was driving back to the office from his off-site construction job on Friday. He had put in a long
E3.7 (LO 2), AP Leon was driving back to the office from his off-site construction job on Friday. He had put in a long week and just wanted to go home. But a text from Bob back in the office reminded him to enter his weekly mileage-the accountants needed to finish the company's total fleet expenses for its quarterly income statementand the performance evaluation meeting was on Monday. Leon was frustrated that his weekend was now going to be delayed because of this data entry business. He wondered why Bob couldn't just use the fuel cost for the income statement. In the end, Leon complied with Bob's request and input his mileage information. Leon's mileage was added to the other vehicles' mileage information, with the quarterly totals listed below. Total fleet expenses on the income statement are a combination of the five costs shown here. Vehicle Insurance Registration Fuel Depreciation Fees (Shed & Vehicle Maintenance Miles Driven Vehicles) Q3 0000 Q1 $1,800 $1,200 $3,220 $5,500 $2,700 28,000 Q2 1,800 1,200 3,623 5,500 2,825 31,500 1,800 1,200 3,105 5,500 2,485 27,000 Q4 1,800 1,200 3,795 5,500 2,965 33,000
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